Conditional or Interim Receipt Liability. Temporary Insurance Agreement coverage applicable to automatic reinsurance under this Agreement will be limited to amounts accepted within the company's usual cash-with-application procedures that provide temporary coverage up to the limits shown in Exhibit A-1. However, for facultative reinsurance, the Reinsurer's liability will not commence until the Reinsurer's facultative offer has been accepted by the Company; and then is limited to the company's usual cash-with-application procedures, which provide temporary coverage up to the limits shown in Exhibit A-1.
Appears in 6 contracts
Samples: Reinsurance Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M), Reinsurance Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M), Reinsurance Agreement (Lincoln Life Flexible Premium Variable Life Account M)
Conditional or Interim Receipt Liability. Temporary Insurance Agreement Conditional or Interim Receipt coverage applicable to automatic reinsurance under this Agreement will be limited to amounts accepted within the company's usual cash-with-application procedures that provide temporary coverage up to the limits shown in Exhibit A-1. However, for facultative reinsurance, the Reinsurer's liability will not commence until the Reinsurer's facultative offer has been accepted by the Company; and then is limited to the company's usual cash-with-application procedures, which provide temporary coverage up to the limits shown in Exhibit A-1.
Appears in 3 contracts
Samples: Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Nationwide Vli Separate Account 5), Reinsurance Agreement (Nationwide Vli Separate Account 6)
